Forex Swing Trading Strategy in XM: The Complete Guide for Trader
Education

Forex Swing Trading Strategy in XM: The Complete Guide for Trader

Finding the right Forex strategy is tough. Where do you start? How do you know when you’ve found the right one? Considering the thousands of trading strategies in the world, the answers to these questions are difficult to pin down. It only gets worse when you add the endless number of technical indicators. But it doesn’t have to be that way. Why not start with identifying a suitable trading style, such as Forex swing trading? Compared to the seemingly endless numbers of strategies, there are far fewer trading styles. While the exact figure is debatable, I would argue that there are less than ten popular styles in existence. Once you’ve identified a trading style that fits your personality, it becomes much easier to find a suitable strategy within that style. If you have identified swing trading as a candidate—or just want to know more about it—then this post is for you. By the time you finish, you will know exactly what swing trading is and whether it’s right for you. I will also share a simple 6-step process that will have you profiting from market swings in no time. Read on to learn how to make swing trading work for you.
What is 50 day moving average? How to use it and identify Profitable Trading Opportunities in XM
Education

What is 50 day moving average? How to use it and identify Profitable Trading Opportunities in XM

The 50-day simple moving average (SMA) is commonly plotted on charts and utilized by traders and market analysts because historical analysis of price movements shows it to be an effective trend indicator. The 50-, 100- and 200-day moving averages are probably among the most commonly found lines drawn on any trader or analyst's charts. All three are considered major, or significant, moving averages and represent levels of support or resistance in a market. So you’re wondering: “Which is the best moving average?” Well, there’s no best moving average out there because it doesn’t exist (as it depends on your objective current market structure). But in a healthy trend, the 50 day moving average is king. And that’s what you’ll discover in today’s post, so read on…
Falling & Rising Wedge Chart Patterns with XM: The Complete Guide to Forex Trading
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Falling & Rising Wedge Chart Patterns with XM: The Complete Guide to Forex Trading

Of all the reversal patterns we can use in the Forex market, the rising and falling wedge patterns are two of my favorite. They can offer massive profits along with precise entries for the trader who uses patience to their advantage. One of the great things about this type of wedge pattern is that it typically carves out levels that are easy to identify. This makes our job as price action traders that much easier not to mention profitable. Let’s start by defining the characteristics.